Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Significant Increase in Short Interest

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 41,843 shares, an increase of 75.0% from the August 31st total of 23,904 shares. Based on an average daily trading volume, of 196,006 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

Several institutional investors have recently added to or reduced their stakes in the business. Capital Analysts LLC raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 18.4% during the second quarter. Capital Analysts LLC now owns 1,462 shares of the company’s stock worth $102,000 after purchasing an additional 227 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 35.4% in the 2nd quarter. NewEdge Advisors LLC now owns 47,623 shares of the company’s stock valued at $3,340,000 after buying an additional 12,439 shares during the period. Allworth Financial LP bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at about $173,000. Ameritas Advisory Services LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at about $523,000. Finally, SFG Wealth Management LLC. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at about $553,000.

Principal U.S. Small-Cap Multi-Factor ETF Stock Performance

Shares of NASDAQ PSC traded up $0.21 during trading on Thursday, reaching $66.94. The stock had a trading volume of 309,083 shares, compared to its average volume of 148,024. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $53.73 and a one year high of $70.90. The stock has a market cap of $2.70 billion, a PE ratio of 17.29 and a beta of 1.01. The firm’s 50 day moving average price is $68.73 and its two-hundred day moving average price is $65.64.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal.